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Wall St Engine
GERMANY PLANS 10% DIGITAL TAX ON TECH GIANTS LIKE GOOGLE & $META https://t.co/PFWXZit12b
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GERMANY PLANS 10% DIGITAL TAX ON TECH GIANTS LIKE GOOGLE & $META https://t.co/PFWXZit12b
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$FICO is down 🔻33% past month. Meanwhile:
🔹Revenue grew 15% past quarter
🔹Has 81% gross margin and 38% FCF margin
🔹Their return on capital is 57%
BUT it's still expensive at 44x price free cash flow. https://t.co/w8yqD1NdMO
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$FICO is down 🔻33% past month. Meanwhile:
🔹Revenue grew 15% past quarter
🔹Has 81% gross margin and 38% FCF margin
🔹Their return on capital is 57%
BUT it's still expensive at 44x price free cash flow. https://t.co/w8yqD1NdMO
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RT @wallstengine: Goldman Sachs says the recent trade court ruling won’t stop the Trump administration from moving forward with new tariffs. In a note, Alec Phillips writes that even if the IEEPA-based tariffs are struck down, the White House could use Section 122 of the Trade Act of 1974 to impose up to 15% tariffs for 150 days without any formal investigation. That short-term move could serve as a bridge while launching Section 301 investigations, which take longer but allow for more durable, targeted tariffs.
Goldman notes that sector-based tariffs, like those already applied to steel and autos under Section 232, remain unaffected by the court ruling. Phillips adds, “We already expect additional sectoral tariffs (pharmaceuticals, semiconductors/electronics, etc.) and uncertainty regarding the IEEPA-based tariffs could lead the White House to put more emphasis on sectoral tariffs, where there is much less legal uncertainty.”
He also flags Section 338 of the 1930 Trade Act as another tool available to the president, though it’s never been used and doesn’t require congressional input. Overall, Goldman calls the court ruling a “nothingburger” given the other options still available to impose trade measures.
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RT @wallstengine: Goldman Sachs says the recent trade court ruling won’t stop the Trump administration from moving forward with new tariffs. In a note, Alec Phillips writes that even if the IEEPA-based tariffs are struck down, the White House could use Section 122 of the Trade Act of 1974 to impose up to 15% tariffs for 150 days without any formal investigation. That short-term move could serve as a bridge while launching Section 301 investigations, which take longer but allow for more durable, targeted tariffs.
Goldman notes that sector-based tariffs, like those already applied to steel and autos under Section 232, remain unaffected by the court ruling. Phillips adds, “We already expect additional sectoral tariffs (pharmaceuticals, semiconductors/electronics, etc.) and uncertainty regarding the IEEPA-based tariffs could lead the White House to put more emphasis on sectoral tariffs, where there is much less legal uncertainty.”
He also flags Section 338 of the 1930 Trade Act as another tool available to the president, though it’s never been used and doesn’t require congressional input. Overall, Goldman calls the court ruling a “nothingburger” given the other options still available to impose trade measures.
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